Ashton Thomas Private Wealth LLC Grows Stock Position in Halliburton Company $HAL

Ashton Thomas Private Wealth LLC raised its position in Halliburton Company (NYSE:HAL) by 7.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 35,146 shares of the oilfield services company’s stock after acquiring an additional 2,347 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Halliburton were worth $716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. OVERSEA CHINESE BANKING Corp Ltd raised its stake in Halliburton by 67.5% in the 2nd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 71,571 shares of the oilfield services company’s stock valued at $1,477,000 after acquiring an additional 28,850 shares during the period. Nisa Investment Advisors LLC boosted its position in Halliburton by 85.1% during the second quarter. Nisa Investment Advisors LLC now owns 95,498 shares of the oilfield services company’s stock worth $1,946,000 after purchasing an additional 43,902 shares during the period. Wealthfront Advisers LLC increased its stake in shares of Halliburton by 4.6% in the second quarter. Wealthfront Advisers LLC now owns 247,241 shares of the oilfield services company’s stock worth $5,039,000 after purchasing an additional 10,939 shares in the last quarter. Brighton Jones LLC bought a new stake in shares of Halliburton in the second quarter valued at approximately $690,000. Finally, CVA Family Office LLC raised its position in shares of Halliburton by 94.8% in the second quarter. CVA Family Office LLC now owns 1,882 shares of the oilfield services company’s stock valued at $38,000 after purchasing an additional 916 shares during the period. Institutional investors own 85.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HAL shares. Stifel Nicolaus set a $32.00 price objective on shares of Halliburton in a research note on Wednesday, October 22nd. Citigroup reaffirmed a “buy” rating on shares of Halliburton in a report on Tuesday, October 14th. Susquehanna lifted their price target on Halliburton from $27.00 to $29.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada upgraded Halliburton from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Halliburton in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $31.40.

Halliburton Trading Down 1.9%

Halliburton stock opened at $26.95 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 1.95. Halliburton Company has a fifty-two week low of $18.72 and a fifty-two week high of $32.57. The stock has a market cap of $22.69 billion, a P/E ratio of 17.85 and a beta of 1.02. The firm’s fifty day moving average price is $23.55 and its 200-day moving average price is $22.00.

Halliburton (NYSE:HAL) last posted its earnings results on Tuesday, October 21st. The oilfield services company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.50 by $0.08. Halliburton had a return on equity of 20.12% and a net margin of 5.91%.The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.39 billion. During the same period in the previous year, the business earned $0.73 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. Equities research analysts forecast that Halliburton Company will post 2.64 earnings per share for the current fiscal year.

Halliburton Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Wednesday, September 3rd. Halliburton’s dividend payout ratio is 45.03%.

Halliburton Company Profile

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.